State of Startups

THE ECONOMIC TIMES Fri, Jul 29, 2016 | 04:11 PM IST ET Special Newsletter

State of Startups 2016 A special series on startups that defied industry trend and raised funding. 'State of Startups' brings you the strategy behind their initiatives, method behind their madness and the belief behind their passion.

Lenskart's eye testing machine can survive a drop from 20th floor This unique and lightweight machine will be launched in line with their national expansion. When things slow down, good things happen too Good things happen when the market slows down. Opt for the wait and watch policy before shutting down a company. Ibibo: Your personal concierge at a hyper-local level The company plans to give their users the freedom to book their entire travel trajectory from one page and enable them to checkout in a single click.

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India's top funded startups for 2016 2016 has not been an easy year for startups. With investors looking for profits, startups have found out that raising funds is not going to be easy. read more...

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Snapdeal daily transactions exceeds Flipkart, Amazon put together The co, claims to have grown 1.9x in shipment volumes in just the last 1 year and has set a target of achieving 20 mn daily transacting users by 2020. Droom to build India's largest repository on vehicle information Trust is the biggest hurdle to cross when it comes to the used vehicle category and the company needs to build a crucial bridge to close this trust gap between the buyers and the sellers. From loans to investments, MobiKwik wants to provide everything  MobiKwik is slowly becoming much more than a digital wallet company as it looks to operate across the vast financial sector. Overseas expansion, acquisition on Byju Raveendran's mind "A sector cannot become attractive just because one or two players raised a large amount of money. That is not even how investors should look at it," feels Byju Raveendran. Big Basket aiming to double turnover to Rs 1,200 cr in 2016 "Grocery is not an easy category to work with. Delivering perishable items, managing same-day delivery targets for a wide range of products and providing uninterrupted inventory supply becomes the key to building the right kind of customer satisfaction in this business." For CarTrade, fortune lies in solving financing woes In a market that does not inspire much confidence in financiers or buyers, the company has launched a certification service to provide quality checks to used cars and for providing transparency. Lendingkart banks on regional languages to go up a notch Lendingkart believes that India has a massive credit starved market where there are many small business owners who are denied financing despite being credit worthy. The startup wants to reach out to every single SME who is in need for working capital credit. NestAway: Reshaping online realty, one brick at a time "Listing platforms may get the job half done, but there is so much more that people need when moving in and that is where we see an opportunity. It may be a new concept, but one that holds a lot of promise." India's newest unicorn, Shopclues to turn profitable next year With over 5 lakh merchants on its platform and services in 30,000 pin codes, the scale seems titled heavily in favour of ShopClues Koovs banks on private label for differentiation Mary Turner says Koovs will give more choice by extending the number of styles and categories to meet the lifestyle needs of its customers.

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